Caesars Entertainment, Inc. (NASDAQ:CZR) Stock Holdings Raised by Deltec Asset Management LLC

Deltec Asset Management LLC grew its holdings in Caesars Entertainment, Inc. (NASDAQ:CZR) by 0.8% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 389,403 shares of the company’s stock after acquiring an additional 3,100 shares during the period. Caesars Entertainment comprises approximately 3.4% of Deltec Asset Management LLC’s portfolio, making the stock its 6th biggest holding. Deltec Asset Management LLC’s holdings in Caesars Entertainment were worth $17,032,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. GABELLI & Co INVESTMENT ADVISERS INC. lifted its position in Caesars Entertainment by 8.7% in the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 5,000 shares of the company’s stock worth $234,000 after buying an additional 400 shares during the last quarter. Arizona State Retirement System grew its holdings in Caesars Entertainment by 0.8% during the 4th quarter. Arizona State Retirement System now owns 59,170 shares of the company’s stock valued at $2,774,000 after purchasing an additional 457 shares during the last quarter. Private Advisor Group LLC raised its position in Caesars Entertainment by 12.0% in the 4th quarter. Private Advisor Group LLC now owns 5,040 shares of the company’s stock worth $236,000 after purchasing an additional 538 shares during the period. PNC Financial Services Group Inc. lifted its stake in Caesars Entertainment by 3.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 15,531 shares of the company’s stock worth $728,000 after purchasing an additional 580 shares during the last quarter. Finally, Cerity Partners LLC boosted its position in shares of Caesars Entertainment by 7.0% during the fourth quarter. Cerity Partners LLC now owns 9,174 shares of the company’s stock valued at $430,000 after buying an additional 601 shares during the period. 91.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on CZR shares. Deutsche Bank Aktiengesellschaft reduced their price target on Caesars Entertainment from $62.00 to $59.00 and set a “buy” rating on the stock in a report on Friday, April 12th. B. Riley started coverage on Caesars Entertainment in a research report on Thursday, May 9th. They set a “buy” rating and a $70.00 target price for the company. JMP Securities cut their price target on shares of Caesars Entertainment from $62.00 to $60.00 and set a “market outperform” rating on the stock in a report on Thursday, May 2nd. Truist Financial decreased their price objective on shares of Caesars Entertainment from $58.00 to $52.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. Finally, Morgan Stanley upped their target price on shares of Caesars Entertainment from $44.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 9th. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Caesars Entertainment presently has an average rating of “Moderate Buy” and an average target price of $55.07.

Caesars Entertainment Stock Up 1.8 %

NASDAQ CZR traded up $0.71 during midday trading on Friday, hitting $39.74. 6,608,601 shares of the company traded hands, compared to its average volume of 5,130,600. The company has a market cap of $8.60 billion, a PE ratio of 11.26 and a beta of 2.89. The company has a debt-to-equity ratio of 2.65, a current ratio of 0.69 and a quick ratio of 0.67. Caesars Entertainment, Inc. has a 52 week low of $31.74 and a 52 week high of $60.27. The company’s 50-day simple moving average is $36.38 and its 200-day simple moving average is $41.05.

Caesars Entertainment (NASDAQ:CZR) last issued its quarterly earnings data on Tuesday, April 30th. The company reported ($0.55) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.52). The company had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.82 billion. Caesars Entertainment had a net margin of 6.68% and a return on equity of 1.27%. As a group, equities research analysts forecast that Caesars Entertainment, Inc. will post 0.23 earnings per share for the current year.

Insider Activity

In other Caesars Entertainment news, Director Michael E. Pegram purchased 10,000 shares of Caesars Entertainment stock in a transaction dated Wednesday, May 29th. The shares were acquired at an average cost of $31.96 per share, with a total value of $319,600.00. Following the completion of the transaction, the director now owns 191,697 shares in the company, valued at approximately $6,126,636.12. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, Director Michael E. Pegram bought 40,000 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were bought at an average price of $36.39 per share, with a total value of $1,455,600.00. Following the transaction, the director now owns 181,697 shares in the company, valued at $6,611,953.83. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael E. Pegram purchased 10,000 shares of the business’s stock in a transaction on Wednesday, May 29th. The shares were bought at an average price of $31.96 per share, for a total transaction of $319,600.00. Following the purchase, the director now directly owns 191,697 shares in the company, valued at approximately $6,126,636.12. The disclosure for this purchase can be found here. Company insiders own 0.64% of the company’s stock.

About Caesars Entertainment

Caesars Entertainment, Inc operates as a gaming and hospitality company. The company owns, leases, or manages domestic properties in 18 states with slot machines, video lottery terminals and e-tables, and hotel rooms, as well as table games, including poker. It also operates and conducts retail and online sports wagering across 31 jurisdictions in North America and operates iGaming in five jurisdictions in North America; sports betting from our retail and online sportsbooks; and other games, such as keno.